About LAZ Parking
LAZ Parking is a company based in San Diego (United States) founded in 1981.. LAZ Parking has raised $115 million across 4 funding rounds from investors including VINCI, Argo Infrastructure Partners and Infinedi Partners. The company has 4,830 employees as of December 31, 2021. LAZ Parking has completed 5 acquisitions, including Alpha Park, FleetLogix and Freightninja. LAZ Parking operates in a competitive market with competitors including SpotHero, Way, The Parking Spot, Spot Angels and Park 'N Fly, among others.
- Headquarter San Diego, United States
- Employees 4830 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Laz Karp Associates, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
VINCI
& 3 more
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Employee Count
4830
as on Dec 31, 2021
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Investments & Acquisitions
Alpha Park
& 4 more
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Leadership Team
57 people
Operations Team
43 people
Software Development Team
29 people
Sales and Marketing
18 people
Human Resources and Administration
18 people
Finance and Accounting
16 people
General Team
11 people
Regional Team
9 people
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Funding Insights of LAZ Parking
LAZ Parking has successfully raised a total of $115M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Unspecified - LAZ Parking | Valuation |
investors |
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| Mar, 2020 | Amount | Private Equity Round - LAZ Parking | Valuation |
investors |
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| Sep, 2015 | Amount | Series B - LAZ Parking | Valuation | Harvest Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LAZ Parking
LAZ Parking has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include VINCI, Argo Infrastructure Partners and Infinedi Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A private equity firm focused on entrepreneurial partnerships.
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Founded Year | Domain | Location | |
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Harvest Partners is engaged in alternative investment strategies.
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Founded Year | Domain | Location | |
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Infrastructure fund focused on natural resources
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LAZ Parking
LAZ Parking has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Alpha Park, FleetLogix and Freightninja. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Managed labor services are provided for the transportation industry.
|
2012 | ||||
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Provider of parking services
|
2009 | ||||
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Provider of parking management services
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - LAZ Parking
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Laz Parking Comparisons
Competitors of LAZ Parking
LAZ Parking operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SpotHero, Way, The Parking Spot, Spot Angels and Park 'N Fly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Parking reservations are enabled by an app-based platform.
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| domain | founded_year | HQ Location |
App-based platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
Airport parking is provided via online bookings and shuttle services.
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| domain | founded_year | HQ Location |
Automated parking alerts are sent via mobile app detection.
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| domain | founded_year | HQ Location |
Airport parking spaces are scouted and booked via mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Laz Parking
Frequently Asked Questions about LAZ Parking
When was LAZ Parking founded?
LAZ Parking was founded in 1981 and raised its 1st funding round 26 years after it was founded.
Where is LAZ Parking located?
LAZ Parking is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is LAZ Parking a funded company?
LAZ Parking is a funded company, having raised a total of $115M across 4 funding rounds to date.
How many employees does LAZ Parking have?
As of Dec 31, 2021, the latest employee count at LAZ Parking is 4,830.
What does LAZ Parking do?
LAZ Parking was founded in 1981 and is headquartered in San Diego, United States. Operations focus on the parking sector, where an online portal is maintained to identify nearby spots across the USA. Hourly and long-term parking locations are listed for users. Management services are extended to enterprises, with emphasis on the hospitality industry. The domain lazparking.com supports these activities.
Who are the top competitors of LAZ Parking?
LAZ Parking's top competitors include Way, SpotHero and Spot Angels.
How many acquisitions has LAZ Parking made?
LAZ Parking has made 5 acquisitions, including Alpha Park, FleetLogix, and Freightninja.
Who are LAZ Parking's investors?
LAZ Parking has 4 investors. Key investors include VINCI, Argo Infrastructure Partners, Infinedi Partners, and Harvest Partners.